The Puzzling Personal Productivity Paradox

Irving Wladawsky-Berger

Yet, despite these impressive advances, for most of this period economies around the world have been stuck in an era of slow productivity growth. Individuals are also experiencing their own version of the productivity paradox. What accounts for this personal productivity paradox?

What is innovation?

Harold Jarche

In writing almost 100 posts on innovation since 2007, it’s time to put the core observations together into a cohesive narrative. Innovation is fifteen different things to fifteen different people. Innovation today is people making connections. An Innovation Process?

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The Current State of Open Innovation

Irving Wladawsky-Berger

In January, UC Berkeley professor Henry Chesbrough published Open Innovation Results : Going Beyond the Hype and Getting Down to Business, his fourth book on innovation in the last two decades. He’s credited with coining the term open innovation in his 2003 book of the same title.

AI and the Productivity Paradox

Irving Wladawsky-Berger

But, at the same time, productivity growth has significantly declined over the past decade, and income has continued to stagnate for the majority of Americans. Economists have proposed competing explanations for declining productivity growth and so far have failed to reach a consensus.” .

The Productivity Puzzle

Irving Wladawsky-Berger

Economic growth has two main components, productivity growth and the growth of the labor force. I ncreasing productivity is thus more crucial than ever to promote economic growth. From 1987 to 2004 US labor productivity grew at a 2.1% The Difficulty of Measuring Productivity.

Robocalypse Now? Technology, Productivity and Employment

Irving Wladawsky-Berger

His presentation was based on a paper co-written with Utrecht University economist Anna Salomons. “Is productivity growth inimical to employment?,” Previous technological innovation has always delivered more long-run employment, not less. Is the Robocalypse upon us?,

The Productivity Paradox: Digital Abundance and Scarce Genius

Irving Wladawsky-Berger

Despite the relentless advances of digital technologies, productivity growth has been declining over the past decade. Translating technological advances into productivity gains requires major transformations in business processes, organization and culture, - and these take time.

Open Innovation 2.0

Irving Wladawsky-Berger

I recently read Twelve Principles for Open Innovation 2.0 , an article published last year in Nature by Martin Curley. Let me discuss each of these phases of innovation. Closed Innovation. Innovation was increasingly occurring in the marketplace, no just in their labs.

The New Era of Smart, Connected Products

Irving Wladawsky-Berger

For the past few years, some have justifiably questioned whether innovation has been going through a period of stagnation , especially when compared to major 19th and 20th century innovations like electricity, cars and airplanes. IT is now an integral part of the products themselves.

Disruptive Innovation Revisited

Irving Wladawsky-Berger

The recent New Yorker article, - The Disruption Machine: What the gospel of innovation gets wrong , - by Harvard history professor Jill Lepore , has led to a flurry of opinions on disruptive innovation. The New Yorker described the article as “Rethinking the innovation craze.”

The Science of Innovation

Irving Wladawsky-Berger

Innovation - identified by MIT economist and Nobel laureate Robert Solow as the driver of long-term, sustainable economic growth and prosperity - has been a hallmark of the Massachusetts Institute of Technology since its inception.” The innovation paradigm has changed.

Cloud, Services and the Transformation of Production

Irving Wladawsky-Berger

I’ve been particularly interested on the impact of cloud on services, not surprisingly given my interests in service science , - the application of science, technology and innovation to the world of services. What do we mean by the production of services ?

Disruptive Innovation Revisited

Irving Wladawsky-Berger

Disruptive innovation was first introduced by Harvard Business School professor Clayton Christensen in a 1995 Harvard Business Review (HBR) paper co-written with Joseph Bower. 20 years after its introduction, Christensen has revisited his original concept in What is Disruptive Innovation? ,

Global Arbitrage and the Productivity Puzzle

Irving Wladawsky-Berger

A couple of weeks ago I wrote about The Productivity Puzzle , - namely that despite our continuing technology advances, the US and other developed economies have experienced a sharp decline in productivity growth over the past 10 to 15 years.

AI and the Productivity Paradox

Irving Wladawsky-Berger

But, at the same time, productivity growth has significantly declined over the past decade, and income has continued to stagnate for the majority of Americans. This puzzling contradiction is addressed in Artificial Intelligences and the Modern Productivity Paradox , a working paper recently published by the National Bureau of Economic Research (NBER). Economists have proposed competing explanations for declining productivity growth and so far have failed to reach a consensus.” .

The 2018 MIT Inclusive Innovation Challenge

Irving Wladawsky-Berger

In 2016, MIT’s Initiative on the Digital Economy launched its first annual Inclusive Innovation Challenge (IIC). To qualify to work in AnnieCannons, program graduates must demonstrate that they can deliver top-quality software products and services to their clients.

Reflections on Innovation, Productivity and Job Creation

Irving Wladawsky-Berger

For example, over the past year I have given a number of seminars on Technology and Innovation in the Service Economy. I have also been thinking a lot about the impact of these innovations on the productivity of the service sector of the economy in general, and in particular, on the kinds of jobs that we can expect to be created over the next decades to replace those jobs that might decline or disappear as a result of such productivity improvements.

The Blockchain and Open Innovation

Irving Wladawsky-Berger

Transformational innovations don’t always play out as originally envisioned. It can be used to help companies manage the flow of goods and related payments or enable manufacturers to share production logs with OEMs and regulators to reduce product recalls…”.

From Mass Production to Mass Individualism

Irving Wladawsky-Berger

All kinds of new products and services, like Airbnb, are now coming to market. Mass production was a defining hallmark of the 20th century industrial economy, bringing high productivity and low costs to a wide variety of offerings, - from household appliances to hotel chains.

The MIT Inclusive Innovation Competition

Irving Wladawsky-Berger

As i ts website explains: “While digital technologies are rapidly transforming both business practices and societies and are integral to the innovation-driven economies of the future, they are also the core driver of the great economic paradox of our time.

Institutional Innovation - I Have a Dream

John Hagel

Today they are an unnatural bundle of three very different and often conflicting business types: infrastructure management, product innovation and commercialization, and customer relationship businesses. Everyone talks about transformation these days, but the term is used so loosely that it’s begun to lose all meaning.

Fostering an Innovation Culture: Talent, Discipline and Leadership

Irving Wladawsky-Berger

Innovation has been a hot topic for the past few decades. Companies all over the world have integrated innovation into their overall strategies and marketing campaigns. True innovation is, in fact, not all that much fun. In the end, necessity is the mother of true innovation.

Can IBM Watson Workspace Save Our Productivity?

Luis Suarez

Apparently, our productivity as employees has been plummeting since the mid 70s. Yet, productivity still is very weak and we don’t seem to succeed in figuring out who (or what) is to blame for that. Yes, indeed, you are reading it right, since the mid 70s !

The 2016 MIT Inclusive Innovation Awards

Irving Wladawsky-Berger

Several months ago, MIT’s Initiative on the Digital Economy launched its first annual Inclusive Innovation Competition (IIC). Let me close by explaining why I feel particularly proud to be associated with the Inclusive Innovation Competition.

Innovation on the cusp: symbiosis

Dave Snowden

Over the last year I’ve been starting sessions with my use of Apex Predator theory to combine Moore’s Crossing the Chasm with Clayton Christensen’s ideas of disruptive innovation and various uses of S-Curves. The post Innovation on the cusp: symbiosis appeared first on Cognitive Edge.

Once Lumbering, Now Innovative Incumbents Hit Their Stride

Irving Wladawsky-Berger

Even in industries where competitive concentration is increasing, innovation hasn’t – as would be expected – flatlined.”. They’ve outperformed their peers in financial results and innovation over the past three years.

The “Recombinant” Nature of Digital Innovations

Irving Wladawsky-Berger

Killer-app is the name we give to those IT applications that turn out to be unexpectedly useful and help propel the success of a new product or service in the marketplace. Companies were thus able to engage in their core transactional activities in a much more productive and efficient way.

Solow Paradox 2.0: The Lagging Impact of Technology Advances on Productivity Growth

Irving Wladawsky-Berger

Our aging economies are thus dependent on productivity gains to drive long-term economic growth , future prosperity and higher standards of living. Their average productivity growth in the 5 years between 2000 and 2004 was 2.4%. The waning of the mid-1990s productivity boom.

Embracing Disruptive Innovations: Organizational Challenges

Irving Wladawsky-Berger

I was asked to talk about the organizational challenges that companies generally face when embracing disruptive innovations like those being developed by ID3. Managing a Disruptive Innovation Initiative. There are many reasons why disruptive innovations fail in large companies.

innovation means learning at work

Harold Jarche

“So it is important to understand that there is no one-size-fits-all philosophy in terms of successful innovation. Innovation is continuous. Successful innovators and entrepreneurs all embrace change and the risks that they pose. Innovation and Learning. Innovation

Become a More Productive, Empathetic, Creative Person With the Help of AI-Based Tools

Irving Wladawsky-Berger

Despite dramatic advances in technology, most of the world’s economies have been stuck in a long period of slow growth and slow productivity. Instead of just asking how can people create more valuable innovation?, why not also ask How can innovation create more valuable people?

Innovation Hubs in the Global Digital Economy

Irving Wladawsky-Berger

Last week I wrote about Cloud, Services and the Transformation of Production , based on Part I of Escape from the Commodity Trap: Will the Production Transformation Sustain Productivity, Growth and Jobs? , But, are there other kind of innovation models? Product creation.

Innovation as a Journey into the Future

Irving Wladawsky-Berger

I recently read an excellent innovation report, - Strategic Orientations for Innovation: Chile in the 2025 Horizon. He was a Senator then, a position he held from March of 2002 until his appointment to president of the Innovation Council.

The Complex Nature of Cloud-based Innovation

Irving Wladawsky-Berger

I find it helpful to look at cloud along two key dimensions: as a technology to improve IT productivity, and as a platform for enabling business innovation. Only one company in six viewed cloud as a way of fostering business innovation.

The Impact of AI on R&D and Innovation

Irving Wladawsky-Berger

Beyond innovations in existing sectors, the rapidly improving price/performance of GPTs have led over time to the creation of whole new applications and industries.

Some Puzzling Questions about Innovation in the Digital Economy

Irving Wladawsky-Berger

This semester I am teaching the innovation half of a course on Entrepreneurship and Innovation at NYU’s new Center for Urban Science and Progress (CUSP). The bulk of the innovations in the industrial economy involved physical objects, physical systems and the physical world around us.

The Real Unemployment Innovation Challenge

John Hagel

Re-framing innovation. Many people have put their faith on innovation as a way to resolve the unemployment challenges that we face.  If we’re going to address the challenges ahead, we need to re-frame what we mean by innovation. Rather than focusing on product or service innovation, or even process and business model innovation, we need to focus on a form of innovation that isn’t yet on the agenda of our leaders – institutional innovation.

Disruptive Innovations and Large Companies

Irving Wladawsky-Berger

The subject of my seminar was Managing Technology-based Disruptive Innovations. Given my long career at IBM, as well as my more recent involvement with Citi, it is not surprising that I am particularly interested in entrepreneurship and innovation in large companies. Its lead article defined the term as: “somebody who offers an innovative solution to a (frequently unrecognised) problem. Startups are generally organized around one central innovation.

Not all innovation is disruptive

Harold Jarche

Given all the talk about disruptive innovation lately, I thought I’d dust off several posts I have written on the subject and update them. Innovation is the following through part. Non-consumers – lack ability or the wealth for current service / products. Innovation

Organizational Innovation

Irving Wladawsky-Berger

Almost seventy years ago, Austrian economist Joseph Schumpeter popularized the term creative destruction to describe the process of transformation that accompanies disruptive innovation. In Schumpeter's vision of capitalism, innovative entry by entrepreneurs was the force that sustained long-term economic growth, even as it destroyed the value of established companies that enjoyed some degree of monopoly power.

Intervention Design: Overcoming Stiff Resistance to a New, Disruptive Innovation

Irving Wladawsky-Berger

With four articles on the subject, HBR ’s overriding message is that design is no longer just for physical products, being increasingly applied to customer experiences, innovation, business strategy, and complex problem solving. .

Technology, Resources and Innovation

Stephen Downes: Half an Hour

So - how do we drive down the cost of content production, and how do we make sharing easier. The stovepipe innovations - why are you settling for it? Question: thoughts on how to drive costs of content production down.

Market-facing Innovation Labs

Irving Wladawsky-Berger

But, they are being reincarnated in our 21st century information economy as market-facing innovation labs, with significantly different and broader scopes than those of the original industrial economy research labs. Their job was to push the frontiers of knowledge by conducting both basic and applied research, which would hopefully, over time, lead to new commercial technologies and products. M arketing, was another distinct activity in a product ’ s life cycle.